Clients with a Power of Attorney in place

Matthew Barrand Inheritance

Estate planning options can be limited where a power of attorney is in place. Any decisions made by the attorney will need to be in the best interest of the donor on whose behalf they’re acting. Planning will of course depend on the donor’s circumstances and wishes but making lifetime gifts or settling assets into trust is typically difficult, especially for inheritance tax planning.

Investments that qualify for Business Property Relief (BPR) are a potential solution for donors who have expressed wishes to plan for their estate. That’s because a BPR-qualifying investment stays in the donor’s name and may qualify for up to 100% ‘relief’ from IHT if certain criteria are met. Should you have any concerns, please contact the office.